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Media General’s LIN extends change-of-control offer for 5 7/8% notes
By Susanna Moon
Chicago, Dec. 15 – Media General, Inc. said that its LIN Television Corp. subsidiary has again extended the change-of-control offer for its 5 7/8% senior notes due 2022.
The offer will now continue until 11:59 p.m. ET on Dec. 21, extended from 11:59 p.m. ET on Dec. 14 and, before that, Dec. 7 and Nov. 30.
Holders had tendered $6.55 million, or 1.64%, of the notes as of the most recent extended deadline.
As previously announced, LIN is offering to buy the notes at 101% of par plus accrued interest.
The offer began on Nov. 1 and is being conducted as part of Nexstar Broadcasting Group, Inc.’s acquisition of Media General.
Media General is a Richmond, Va.-based television company.
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